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(PRAKASHSTL_BE) Prakash Steelage complete technical analysis [charts+indicators] | Buy/Sell Prakash Steelage | (PRAKASHSTL_BE) share price targets

Complete technical analysis of Prakash Steelage (PRAKASHSTL_BE) by charts plus indicators, forecast predictions and share price targets for Prakash Steelage (PRAKASHSTL_BE)

Showing technical analysis as on 2024-08-27 View latest technical analysis

10 day averaged volume of Prakash Steelage is 281797

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	9.26	9.50	9.50	9.26	0.5 times
26 Mon Aug 2024	9.45	9.50	9.50	9.45	2.717 times
23 Fri Aug 2024	9.32	9.32	9.32	9.32	1.142 times
22 Thu Aug 2024	9.14	9.14	9.14	9.14	0.453 times
21 Wed Aug 2024	8.97	8.80	8.97	8.80	0.792 times
20 Tue Aug 2024	8.80	8.77	8.80	8.77	1.102 times
19 Mon Aug 2024	8.95	9.00	9.00	8.95	0.854 times
16 Fri Aug 2024	9.09	9.09	9.09	9.09	0.882 times
14 Wed Aug 2024	9.28	9.28	9.28	9.28	0.168 times
13 Tue Aug 2024	9.47	9.67	9.67	9.47	0.679 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 9.1 as stoploss in an intra day buy trade for a target of 9.74. However, stock will show a bearish move below 9.1.

Share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Target	7.30
Downside Target	7.50
Downside Target	8.05
Downside Target	8.41
Downside Target	8.77
Downside Target	9.09
Upside Target	9.65
Upside Target	9.80
Upside Target	10.10
Upside Target	10.44
Upside Target	10.88
Upside Target	11.11

Intraday share price targets for Prakash Steelage (PRAKASHSTL_BE)

Target Type	Value
Downside Intraday Target	9.18
Downside Intraday Target	9.1
Upside Intraday Target	9.42
Upside Intraday Target	9.58
Upside Intraday Target	9.34

Weekly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	9.26	9.50	9.50	9.26	0.741 times
23 Fri Aug 2024	9.32	9.00	9.32	8.77	1.477 times
16 Fri Aug 2024	9.09	9.61	9.80	9.09	1.414 times
09 Fri Aug 2024	9.61	10.44	10.44	9.61	0.14 times
02 Fri Aug 2024	10.66	10.09	11.11	9.61	1.312 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Prakash Steelage (PRAKASHSTL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	9.26	10.88	10.88	8.77	0.236 times
31 Wed Jul 2024	11.11	9.72	11.11	8.41	3.567 times
28 Fri Jun 2024	9.26	8.75	9.26	8.05	0.876 times
31 Fri May 2024	8.75	7.90	10.10	7.30	1.095 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Prakash Steelage (PRAKASHSTL_BE)

Price action analysis of Prakash Steelage ( (PRAKASHSTL_BE) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Prakash Steelage ( (PRAKASHSTL_BE) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Prakash Steelage ( (PRAKASHSTL_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Prakash Steelage ( (PRAKASHSTL_BE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Prakash Steelage stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Prakash Steelage in short term and the sell signal is strong.

Prakash Steelage Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Prakash Steelage in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Prakash Steelage is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 9.21 and Prakash Steelage (PRAKASHSTL_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Prakash Steelage (PRAKASHSTL_BE) stock. Volume based technical analysis of Prakash Steelage (PRAKASHSTL_BE) stock is negative.

Prakash Steelage Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.